medical equipment Archives - Steinlage Insurance Agency

Starting July 1st, 2013, the greater Saint Louis area is now part of Medicare’s new competitive bidding program for Durable Medical Equipment, Prosthetics, Orthotics, and Supplies (DMEPOS). This program should help lower the cost that Medicare pays for supplies like oxygen, CPAP machines, diabetic testing supplies, and much more. What does this program do? This program requires suppliers of Medical equipment to submit blind bids on Medicare covered equipment rather than paying a higher inflated price. Medicare will then use these lower priced bids to set costs on what it will pay which will help the Original Medicare program save money over time. How will this program affect me? If you do not currently use any equipment, than you will not see any change at all. If you currently rent, own, or need Durable Medical Equipment, you may see your current provider discontinue their services, requiring you to find a…